Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

CASPIAN

Kazakh Parliament Passes Pre-Emption Law

The Kazakh parliament has approved legal changes to the countrys constitution giving the state the right of first priority to purchase shares in hydrocarbon projects whose owners make them available for sale. The decision comes at a time when the Kazakh Government is negotiating for BGs shares in the North Caspian Sea Production Sharing Agreement (NCSPSA), which is developing the giant...